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EDWIN G. PICKETT TO JOIN TIG HOLDINGS AS SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER

 NEW YORK, June 24 /PRNewswire/ -- TIG Holdings, Inc. (NYSE: TIG), announced today that Edwin G. Pickett will join TIG Holdings in the newly created position of senior vice president and chief financial officer. He will also be named chief financial officer of TIG's principal operating companies, including property and casualty insurer Transamerica Insurance Company.
 Mr. Pickett, 46, will assume the responsibilities of Edward D. Santos, 49, who currently holds the position of senior vice president and chief accounting officer of TIG. Mr. Santos is resigning to pursue other interests.
 Mr. Pickett comes to TIG from USF&G Corporation, where he has been chief financial officer since January 1991. He joined USF&G in 1989 after having served as chief financial officer with American General Corporation. Previously, he served in various senior management positions with Maryland Casualty Company and Sun Life Group. Mr. Pickett holds a B.S. in accounting from West Virginia University and an M.B.A. from Loyola College in Baltimore.
 Jon Rotenstreich, chairman and chief executive officer of TIG Holdings, said, "We are extremely pleased to have Ed Pickett join our senior management team. He has great talent and a wealth of experience within the industry. His wide-ranging capabilities, including the implementation of strong operating controls, will be major assets to TIG.
 "We are also very grateful for the valuable and dedicated service that Ed Santos has given our company. His integrity, skill and initiative were critical to the success of our initial public offering, completed in April. We are pleased that he will remain with us through the transition and we wish him the very best in his future endeavors."
 Headquartered in New York, TIG Holdings, Inc., is a holding company for Transamerica Insurance Group. Transamerica Insurance Group and its subsidiaries are a property casualty insurance group that offers reinsurance and primary commercial and personal insurance throughout the United States. It is the 27th largest property and casualty insurer and the tenth largest property and casualty reinsurer in the United States, based on 1992 net written premiums.
 -0- 6/24/93
 /CONTACT: Louis Paglia of TIG Holdings, 212-446-2708; or Andrew R. Baer of Kekst and Company, 212-593-2655, for TIG Holdings/
 (TIG)


CO: TIG Holdings, Inc. ST: New York IN: INS SU: PER

GK -- NY077 -- 5461 06/24/93 16:41 EDT
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Publication:PR Newswire
Date:Jun 24, 1993
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